😱 How to survive losing streak in trading?

As we all know, every trading strategy comes with a losing streak. If you want to stay in the game, you need to survive your losing streaks.

A trade. A loss. A losing streak.

Consecutive losses bring out the worst behavior of a trader.

After a losing streak, your confidence suffers and you’re no longer in the right state of mind to trade.

5 Steps to Surviving Losing Streaks in Active Trading

🔸Step 1 - Correct your expectations of losing streaks

🔸Step 2 - Set up emotion-based limits

🔸Step 3 - Trade smaller. Not bigger.

🔸Step 4 - Take your mind off trading

🔸Step 5 - Figure out if the problem lies with your trading approach

We are after the profits. But first, let’s survive the losses to get there.